Ok - i'll admit, the subject line of this post is a bit sensational. I'm not going to jail. Not for this anyway. (But maybe for my killer dance moves.)But here's the question i'll pose to the BiggerPockets crowd. (I'...
I reached out to a lender and I was told I had to have capital of my own. I thought you didn’t have to have capital? He told me any lender is going to require me to have capital. He basically told me to save up some m...
I was asked deep in a buried thread to answer a couple questions about my reply in a recent post. here is the start.
I post a lot about parallel programs. There is a reason I do that. It is the best of both worlds...
Hello all,My name is Franky Davis and I am relatively new to real estate investing and a newish member to BiggerPockets. Let me start with a little about me. I'm currently an orthopedic surgery resident (year 3 of 5) ...
I feel that I am a good everyman when it comes to the average beginner in real estate investing. I've read a lot of books that most accomplished investors have (mostly the Rich Dad series), but have no experience in d...
What is stopping you from investing in real estate? Is it time? Money? Lack of experience? Or maybe even limited deals?My husband and I have been there. Done that. Failed. And then…. kept going to our recent close on ...
Today I see a lot of montelongo, legrand, dc fawcet...They all preach no cash no credit. Let other people do this and that..creative financing. Is this all mumbo jumbo or can it be done? Have any of you done a creativ...
I am getting to be “too close” to this deal so... would you invest in this?
I’m already under contract but can back out during due diligence.
-118k price
-7.5k closing costs (so high!)
-20k repairs
= $145k all i...
Property appraisal value: 265K
Borrower's down payment: 79K
You 1st trust deed: 132K
Seller: 2nd trust deed: 70K
Two year balloon
In addition to the high combined loan to value, what e...
I have never listened to a pod cast before.. but I thought I would try one on BP and listened to one last week about a nice young man who is buying out of state and was all excited about it.The really important factor...